Company has 112 stores located across 41 cities in India. Company operate and manage all its stores. Company also operate distribution centres and packing centres which form the backbone of the supply chain to support its retail store network. Company has 21 distribution centres and six packing centres in Maharashtra, Gujarat, Telangana and Karnataka.
Object of the Issue
The net proceeds of the IPO are proposed to be used as set forth below:
- Repayment or prepayment of a portion of loans and redemption or earlier redemption of NCDs availed by the Company;
- Construction and purchase of fit outs for new stores;
- General corporate purposes.
Promoters of the Company
The Promoters of the Company are:
- Radhakishan S. Damani;
- Gopikishan S. Damani;
- Shrikantadevi R. Damani;
- Kirandevi G. Damani;
- Bright Star;
- Royal Palm Trust;
- Bottle Palm Trust;
- Mountain Glory Trust;
- Gulmohar Trust; and
- Karnikar Trust
Offer Period
Wednesday, 8 Mar 2017 - Friday, 10 Mar 2017
Price Band
Rs. 295 - Rs. 299 Per Equity Share
Face Value
Rs 10/- per equity share
Bid Lot
50 Equity Shares and in multiples thereof
Issue Size
Rs. 18,700 Million
Listing
National Stock Exchange (NSE), Bombay Stock Exchange (BSE)